The same hole intersected 1.05m at 367g/t and 2m at 21.96g/t.

The results are from a diamond drilling programme at Zone 1 at the advanced exploration project, designed to increase the resource and test deeper targets and areas beyond the resource boundary.

The company said 12 of the 13 reported holes had hit mineralisation but the extent of drilling was limited to avoid intersecting underground workings.

CEO Jeff Swinoga said the next phase of exploration would test under-explored areas along strike.

Goldlund is one of the company's five most advanced projects, four of which are in Ontario, including the Springpole gold project where the environmental approval process got underway last month.  

First Mining Gold, which changed its name from First Mining Finance in January, established a maiden indicated 9.3 million tonne resource at 1.87g/t gold for 560,000 ounces and an inferred 1.75 million ounces using a 0.4g/t cut-off for Goldlund last year.

The debt-free company had C$19.4 million in working capital at the start of the year and was planning a minimum spend of $5 million on exploration during 2018, including the 7,000m programme at Goldlund.

Its shares were trading above C70c a year ago, hit a 52-week low of 40.5c last month and were down 1% to 50c yesterday.